Question

Alan puts $300.00 into an account to use for school expenses. The account earns 10% interest, compounded

continuously. How much will be in the account after 7 years?

Answer 1

21000 because if I’m not mistaken 10 percent of something is 0.10 so the calculation is 300 divided by 0.10 than multiply by 7= 21000. Im very sure because I understand expenses and work as a sales man.